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are warranted can we start proceedings to modify or repeal the really guide. as jon mentioned, through this process, we've repeal 37 rules and guides. we have it repealed an upgrade since 2004. i think we did that get the most serious cases first. but we have undertaken modifications with respect to other since the time. when i post reviews and plays in one proceeding considering amendment to the labeling requirements for the alternative fuels and alternative fuel vehicles and here we are assessing how to eliminate the need for firm redundant labels demanded by different agencies. in another instance, accelerated to review of our mechanism for mandating notification and reporting of mergers and we intend to initiate reviews of the leather marble staircase son. comments provided in this process overwhelmingly show business support for an uncovered the mechanism we fuse the moving guys themselves. at least in particular stand out as a means to reduce business burdens by what we regard to be the line that separates appropria
, waste of government money. well, there is a reason that jon mccain and barack obama both voted for the bailout. it is not because of wall street. it is because the main street in the biggest car dealership in the country that stopped financing cars is about to get to the point where you could go to sears and buy any kind of appliance on credit. the financial system had to be saved. we don't want to go there again. so most people did know this. they said we hate these bailouts. the democrats passed a financial reform bill, which gave the government power over some transactions it did not have to stop excessive leverage, that is to stop companies from making too many investments they didn't have the cash to cover. traditional banks would own $10 for every dollar in cash. when bear stearns failed in his 30 to one. lehman brothers about four to one. that's what's really in a financial reform bill. and by the way, if somehow they get around this and fail again, nomar bailouts. here's an orderly procedure for bankruptcy in the management and shareholders have to beat the loss. in oth
fired from non-policy on jon boehner. they are shorthand for the incredibly narrow range of choice that we actually have in political -- and elected officials. >> to house financial services subcommittee funny joint hearing on mortgage service in a foreclosure mitigation is. they also discussed the role of federal regulators in the ongoing mortgage service the negotiations. among those test thing at the hearing was david stevens, president of the mortgage and the immediate former commissioner of the federal housing administration. this is about three hours in 35 minutes. >> this hearing will come to order. and that you think my ranking member, mrs. moloney as well as oversight investigations chairman, if new cabal or who will be here in a few minutes and is ranking member, mr. pappalardo for organizing this joint hearing. many members have a great interest in having a hearing on the topic of march at servicing. it's light of today's hearing will provide a forum for members to cover multitude of subjects involving servicing. we were all shot at the news was followed allegations that
Search Results 0 to 2 of about 3